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Large blocks of New Jersey paper changed hands with yields that pushed spreads below 100 basis points on some maturities for the recently downgraded state.
November 19
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A supply/demand imbalance allowed New Jersey and Massachusetts to reprice to lower yields while the beleaguered New York MTA will head back to the Fed for liquidity.
November 18
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Municipal bonds strengthened Thursday as yields fell by as much as four basis points on AAA curves but coronavirus vaccine rally in stocks slowed and UST, munis regained ground.
November 12
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To little surprise, the Federal Reserve left interest rates unchanged. Refinitiv Lipper reported tax-exempt muni bond funds lost about $954 million.
November 5
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New Jersey said it expects to issue up to $4.5 billion of tax-exempt and taxable bonds the week of Nov. 18 under the COVID-19 Emergency Bond Act.
October 29
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Taxables march on while ICI reports billions of inflows and secondary trading shows long-end strength.
October 28
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Municipals were little changed on Thursday as the supply surge continued ahead of the U.S. elections.
October 22
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Municipals were a bit stronger on the long end Thursday as action heated up in the primary.
October 15
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Municipals finished little changed Wednesday as a hefty slate of new deals came to market.
October 14
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The Puerto Rico Aqueduct and Sewer Authority said it might be refinancing its bond debt with a new bond issue by the end of the year.
October 8
